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Side-by-side financial comparison of StubHub Holdings, Inc. (STUB) and TANDEM DIABETES CARE INC (TNDM). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($449.2M vs $247.2M, roughly 1.8× TANDEM DIABETES CARE INC). On growth, TANDEM DIABETES CARE INC posted the faster year-over-year revenue change (5.5% vs -15.8%).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

Tandem Diabetes Care, Inc. is an American medical device manufacturer based in San Diego, California. The company develops medical technologies for the treatment of diabetes and specifically insulin infusion therapy.

STUB vs TNDM — Head-to-Head

Bigger by revenue
STUB
STUB
1.8× larger
STUB
$449.2M
$247.2M
TNDM
Growing faster (revenue YoY)
TNDM
TNDM
+21.3% gap
TNDM
5.5%
-15.8%
STUB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STUB
STUB
TNDM
TNDM
Revenue
$449.2M
$247.2M
Net Profit
$-20.4M
Gross Margin
83.1%
55.3%
Operating Margin
37.6%
Net Margin
-8.2%
Revenue YoY
-15.8%
5.5%
Net Profit YoY
EPS (diluted)
$-0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
STUB
STUB
TNDM
TNDM
Q1 26
$247.2M
Q4 25
$449.2M
$290.4M
Q3 25
$468.1M
$249.3M
Q2 25
$240.7M
Q1 25
$234.4M
Q4 24
$282.6M
Q3 24
$433.8M
$244.0M
Q2 24
$221.9M
Net Profit
STUB
STUB
TNDM
TNDM
Q1 26
$-20.4M
Q4 25
$-589.0K
Q3 25
$-1.3B
$-21.2M
Q2 25
$-52.4M
Q1 25
$-130.6M
Q4 24
$755.0K
Q3 24
$-33.0M
$-23.3M
Q2 24
$-30.8M
Gross Margin
STUB
STUB
TNDM
TNDM
Q1 26
55.3%
Q4 25
83.1%
57.7%
Q3 25
53.9%
Q2 25
52.3%
Q1 25
50.5%
Q4 24
55.7%
Q3 24
51.1%
Q2 24
50.8%
Operating Margin
STUB
STUB
TNDM
TNDM
Q1 26
37.6%
Q4 25
2.9%
Q3 25
-292.3%
-9.2%
Q2 25
-21.5%
Q1 25
-51.6%
Q4 24
-0.2%
Q3 24
2.8%
-10.7%
Q2 24
-13.9%
Net Margin
STUB
STUB
TNDM
TNDM
Q1 26
-8.2%
Q4 25
-0.2%
Q3 25
-276.6%
-8.5%
Q2 25
-21.8%
Q1 25
-55.7%
Q4 24
0.3%
Q3 24
-7.6%
-9.5%
Q2 24
-13.9%
EPS (diluted)
STUB
STUB
TNDM
TNDM
Q1 26
$-0.30
Q4 25
$0.02
Q3 25
$-4.27
$-0.31
Q2 25
$-0.78
Q1 25
$-1.97
Q4 24
$0.00
Q3 24
$-0.15
$-0.35
Q2 24
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STUB
STUB
TNDM
TNDM
Cash + ST InvestmentsLiquidity on hand
$570.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$132.4M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STUB
STUB
TNDM
TNDM
Q1 26
$570.3M
Q4 25
$292.7M
Q3 25
$1.4B
$319.1M
Q2 25
$315.4M
Q1 25
$368.6M
Q4 24
$438.3M
Q3 24
$1.1B
$473.3M
Q2 24
$452.4M
Total Debt
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
STUB
STUB
TNDM
TNDM
Q1 26
$132.4M
Q4 25
$155.2M
Q3 25
$1.7B
$133.0M
Q2 25
$133.3M
Q1 25
$155.3M
Q4 24
$263.1M
Q3 24
$815.9M
$237.7M
Q2 24
$233.9M
Total Assets
STUB
STUB
TNDM
TNDM
Q1 26
$1.2B
Q4 25
$881.1M
Q3 25
$5.6B
$874.7M
Q2 25
$875.7M
Q1 25
$922.1M
Q4 24
$967.7M
Q3 24
$957.7M
Q2 24
$937.5M
Debt / Equity
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STUB
STUB
TNDM
TNDM
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
$9.8M
Q3 25
$181.4M
$8.3M
Q2 25
$-9.5M
Q1 25
$-18.3M
Q4 24
$10.7M
Q3 24
$26.8M
Q2 24
$-5.3M
Free Cash Flow
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
$2.0M
$3.1M
Q3 25
$180.3M
$4.2M
Q2 25
$-15.7M
Q1 25
$-21.2M
Q4 24
$7.6M
Q3 24
$21.5M
Q2 24
$-11.7M
FCF Margin
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
0.4%
1.1%
Q3 25
38.5%
1.7%
Q2 25
-6.5%
Q1 25
-9.1%
Q4 24
2.7%
Q3 24
8.8%
Q2 24
-5.3%
Capex Intensity
STUB
STUB
TNDM
TNDM
Q1 26
2.5%
Q4 25
2.3%
Q3 25
0.2%
1.6%
Q2 25
2.6%
Q1 25
1.3%
Q4 24
1.1%
Q3 24
2.1%
Q2 24
2.9%
Cash Conversion
STUB
STUB
TNDM
TNDM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
14.19×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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